Chapter V Conclusion, Limitation, and Suggestion 5.1 Conclusion The financial risk tolerance every people are difference. The factors that influence the financial risk tolerance every people also difference one and another. In this research, the author wants to prove whether family relationship, gender, and financial knowledge could impact on the financial risk tolerance. The conclusion of this research derived from the hypothesis testing to answer the problem statement: 1. The hypothesis 1 (Ha1) which state that parents’ education impact on the financial risk tolerance of their children. In this variable, divided into two analyses. First is fathers’ education, and second is mothers’ education. For the fathers’ education, H01 is supported. Means that, the financial risk tolerance of the children is independent of the parents’ education or the fathers’ education has no impact on the financial risk tolerance of their children. For the mothers’ education, H01 is unsupported. Means that, the financial risk tolerance of the children is not independent of the parents’ education or the mothers’ education has an impact on the financial risk tolerance. So, in the parents’ education hypothesis, the result of the test is partly supported. 2. The hypothesis 2 (Ha2) which state that there is the impact of gender on the financial risk tolerance, H02 is unsupported. So the alternative or Ha2 is 67
supported, means that the financial risk tolerance is not independent of the gender or there is the impact of gender on the financial risk tolerance. 3. The hypothesis 3 (Ha3) which state that there is the impact of children’s knowledge on the financial risk tolerance, H03 is unsupported. So the alternative or Ha3 is supported, means that the financial risk tolerance is not independent of the children’s knowledge or the financial knowledge have an impact on the financial risk tolerance. 4. The hypothesis 4 (Ha4) which state that there is the impact of parents and children relationship on the financial risk tolerance, H04 is supported. Means that, the financial risk tolerance is independent to the parents and children relationship or there is no impact of the family relationship on the financial risk tolerance. In general, the conclusions are gender and children’s knowledge is not independent or has an impact on the financial risk tolerance. The parents’ education and the parents and children relationship (family relationship) are independent or have no impact on the financial risk tolerance.
5.2 Managerial Implications The result of this research is expected for the students, especially who are major in financial management, they could use the information from this research, to manage their financial and make a decision in the investment. For the students who are would start investing, the information in this research could be used to know whether they are more risk tolerance or less risk tolerance. For the parents, 68
they could use the information in this research to know whether the parents are closed enough with their children.
5.3 Limitation of the Research The limitation in this research are in family relationship only analyze the relationship between children and parents, the spousal relationship is not analyzed. For the respondents, the author only distribute the questionnaires for the respondents who already took financial course, at least one course, because respondents who already took financial course assumed understand about financial matters and would be easy to answer the questions. In parents section, the question only the demographic information such as occupation and last education of the parents. The hypothesis testing used in this research is Chi Square.
5.4 Suggestion Based on the limitation of the research above, the suggestions for the other researchers are to analyze not only the relationship between parents and children, but also the spousal relationship. And for the parents section, would be better to add more questions and not only the demographic information, so the result would be more accurate. Choosing the appropriate statistical technique for further research is also suggested by using other type of analysis, such as Multiple Regression and Logistic Regression.
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BIBLIOGRAPHY
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http://web.worldbank.org/WBSITE/EXTERNAL/TOPICS/EXTGENDER/0,,cont entMDK:20193040~pagePK:210058~piPK:210062~theSitePK:336868,00.html. http://www.genderandhealth.ca/en/modules/introduction/introductiongenderasadeterminantofhealth-Shayna-03.jsp. http://www.investopedia.com/terms/s/strategic-financial-management.asp. http://www.who.int/gender/whatisgender/en/ Jacobs-Lawson, J. M. and Hershey, D. A. (2005), “Influence of Future Time Perspective, Financial Knowledge, and Financial Risk Tolerance on Retirement Saving Behaviors”, Financial Services Review, Vol. 14(4), pp. 331-344. Jianakoplos, N. A. and Barnasek, A. (1998), “Are Women More Risk Averse?”, Economic Inquiry, Vol. 36, No. 4, pp. 620-630. Jones, C. P. (2010), Investments: Principles and Concepts, Eleventh Edition, John Wiley & Sons Ltd., United Kingdom. Klatt, M. E. (2009), “An Assessement of Women’s Financial Literacy”, Available at: http://www2.uwstout.edu/content/lib/thesis/2009/2009klattm.pdf, University of Wisconsin-Stout, United States. Accessed on December 2009. Lam, J., (2003), Enterprise Risk Management: From Incentives to Controls, John Wiley & Sons, Inc., New Jersey. Mandell, L. and Klein, L. S. (2009), “The Impact of Financial Literacy Education on Subsequent Financial Behavior”, Journal of Financial Counseling and Planning, Vol. 20. Ryack, K. (2011), “The Impact of Family Relationships and Financial Education on Financial Risk Tolerance”, Financial Services Review, Vol. 20, No. 3, pp. 181. Sekaran, Uma. and Bougie, Roger. (2009), Research Methods for Business: A Skill Building Approach, Fifth Edition, John Wily & Sons Ltd., United Kingdom. Sujarweni, V. W. (2007), Belajar Mudah SPSSS untuk Penelitian Skripsi, Thesis, Disertasi & Umum, Global Media Informasi, Yogyakarta. Tavakol, M. and Dennick, R. (2011), “Making Sense of Cronbach’s Alpha”, International Journal of Medical Education. Tjondrowidjojo, E. K. 2013. Behavioral Finance Study toward Credit Card Holders. Thesis. Graduate Program in Economic. Atma Jaya University. Yogyakarta.
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Questionnaires Part A: The demographic information of students Give the checklist sign (√) in the correct answer. The identities of respondents 1. Name
:
2. Gender : Men 3. Faculty
:
4. Major
:
Women
5. How many financial subject that already taken? One course Two courses Three courses More than three courses
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Part B: Family Relationship (Parents-Child Relationship) Give the cross sign (X) in the correct answer.
1. How much time their parents had spent teaching them about personal finance and money matters? a. No time at all b. Very little time c. Sometime d. A fair amount of time e. A significant amount of time
2. In one week, how often parents ask you to chattering together? a. Never b.
1-2 times in a week
c.
3-4 times in a week
d.
5-6 times in a week
e.
Everyday
Part C: Financial Risk Tolerance Give the cross sign (X) in the correct answer.
3. In general, how would your best friend describe you as a risk taker? a. A real risk avoider b. Cautious c. Willing to take risk after completing adequate research d. A real gambler or risk taker
4. You are on a TV game show and can choose one of the following. Which would you take? a. Rp 10,000,000 in cash b. A 50% chance at winning Rp 50,000,000 c. A 25% chance at winning Rp 100,000,000 73
d. A 5% chance at winning Rp 1 milyar
5. You have just finished saving for a “once in a lifetime” vacation. Three weeks before you plan to leave, you lose your job. You would: a. Cancel the vacation b. Take a much more modest vacation c. Go as schedule, reasoning that you need the time to prepare for a job search d. Extend your vacation, because this might be your last chance to go first-class
6. If you have Rp 100,000,000, what did you do with that money? a. All of money put in the bank b. 70% put in the bank c. 50% put in the bank d. Invest all of money
7. When you think of the word “risk” which of the following words comes to mind first? a. Loss b. Uncertainty c. Opportunity d. Thrill
8. Suppose a relative left you an inheritance of Rp 1 billion, stipulating in the will that you invest all the money in one of the following choices, which one would you select? a. A saving account or money market mutual fund b. A mutual fund that owns stocks and bonds c. A portfolio of 15 common stocks d. Commodities like gold, silver and oil
9. If you had to invest Rp 200,000,000, which of the following investment choices would you find most appealing? a. 70% in low risk investments, 30% in medium risk investments, 0% in high risk investment. b. 60% in low risk investments, 30% in medium risk investments, 10% in high risk investments. 74
c. 30% in low risk investments, 40% in medium risk investments, 30% in high risk investments. d. 10% in low risk investments, 40% in medium risk investments, 50% in high risk investments.
10. Your trusted friend and neighbor, an experienced geologist, is putting together a group of investors to fund an exploratory gold mining venture. The venture could pay back 50 to 100 times the investment if successful. If the mine is a bust, the entire investment is worthless. Your friend estimates the change of success is only 20%. If you had the money, how much would you invest? a. Nothing b. A month monthly cash c. Three month monthly cash d. Six month monthly cash
Part D: Financial knowledge Strongly disagree
I am well informed when it comes to my knowledge about managing my money and financial matters I regularly seek out financial information and advice I understand information I receive concerning financial products I am confident in making financial and investment decisions
75
Disagree
Agree
Strongly agree
Questionnaires for Parents Part E: The demographic information of parents’ students Give the checklist sign (√) in the correct answer. The identities of parents’ students Husband Name: Occupation:
Unemployed Labours Office workers/employees Public servants Educator (lecturer or teacher) Doctor or nurse Entrepreneurs Managers and professionals Traders
The last formal education:
No Degree Elementary school Junior high school Senior high school Diploma (D3) Bachelor (S1) Master (S2) Doctorate (S3)
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Wife
Kuesioner Penelitian Bagian A: Karakteristik responden murid atau anak Beri tanda checklist (√) pada jawaban yang benar atau sesuai. Identitas Responden 1. Nama
:
2. Jenis Kelamin
: Pria
3. Fakultas
:
4. Jurusan
:
Wanita
5. Berapa banyak mata kuliah keuangan yang sudah diambil? Satu mata kuliah Dua mata kuliah Tiga mata kuliah Lebih dari tiga mata kuliah
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Bagian B: Family relationship (Hubungan orang tua dan anak) Berilah tanda silang (X) pada jawaban yang benar atau sesuai 1. Seberapa sering orang tua mengajari anda tentang keuangan pribadi dan hal-hal lainnya yang berhubungan tentang uang? a. Tidak pernah b. Sangat jarang c. Jarang d. Cukup sering e. Sering 2. Dalam satu minggu, seberapa sering para orang tua mengajak anda untuk mengobrol bersama? a. Tidak pernah b. 1-2x dalam seminggu c. 3-4x dalam seminggu d. 5-6x dalam seminggu e. Setiap hari
Bagian C: Financial Risk Tolerance Berilah tanda silang (X) pada jawaban yang benar atau sesuai 1. Secara umum, bagaimana teman baik anda menggambarkan atau mendeskripsikan anda sebagai risk taker (orang yang suka mengambil resiko)? a. Risk avoider atau lebih suka menghindari resiko b. Berhati-hati atau waspada dalam pengambilan keputusan c. Bersedia untuk mengambil resiko setelah melakukan penelitian terlebih dahulu d. Risk taker atau lebih suka mengambil resiko 2. Anda sedang di acara game show yang disiarkan di TV dan dapat memilih salah satu dari pernyataan, pernyataan manakah yang akan anda pilih? a. Uang tunai sebesar Rp 10,000,000 b. Kesempatan untuk memenangkan uang Rp 50,000,000 sebesar 50% c. Kesempatan untuk memenangkan uang Rp 100,000,000 sebesar 25% d. Kesempatan untuk memenangkan uang Rp 1 milyar sebesar 5% 78
3. Anda baru saja selesai menabung untuk liburan “sekali dalam seumur hidup”. Tiga minggu sebelum anda berangkat liburan, anda kehilangan pekerjaan anda. Anda akan: a. Membatalkan liburan b. Mengambil liburan yang lebih sederhana c. Pergi sesuai jadwal, karena anda membutuhkan persiapan untuk mencari pekerjaan baru. d. Memperpanjang liburan anda, karena mungkin ini adalah kesempatan terakhir untuk dapat menikmati liburan mewah 4. Jika anda mempunyai uang sebesar Rp 100,000,000, apa yang akan anda lakukan dengan uang tersebut? a. Semua uang tersebut akan disimpan di bank b. 70% uangnya disimpan di bank c. 50% uangnya disimpan di bank d. Semua uangnya diinvestasikan 5. Ketika anda memikirkan kata “resiko”, manakah dari kata-kata di bawah ini yang muncul dipikiran anda? a. Rugi atau kerugian b. Ketidakpastian c. Kesempatan d. Kesenangan atau thrill 6. Misalkan seorang kerabat memberikan anda warisan sebesar Rp 1 milyar, manakah yang anda pilih untuk menginvestasikan semua uang anda? a. Di tabung atau reksadana pasar uang (money market mutual fund) b. Reksadana, saham, dan obligasi c. Portofolio dari 15 saham biasa (common stock) d. Komoditas seperti emas, perak, dan minyak 7. Jika anda harus berinvestasi sebesar Rp 200,000,000, manakah dari pilihan investasi berikut yang akan anda pilih? a. 70% berinvestasi dengan resiko rendah (low risk), 30% berinvestasi dengan resiko sedang (medium risk), 0% berinvestasi dengan resiko tinggi (high risk) b. 60% berinvestasi dengan resiko rendah (low risk), 30% berinvestasi dengan resiko sedang (medium risk), 10% berinvestasi dengan resiko tinggi (high risk) c. 30% berinvestasi dengan resiko rendah (low risk), 40% berinvestasi dengan resiko sedang (medium risk), 30% berinvestasi dengan resiko tinggi (high risk) d. 10% berinvestasi dengan resiko rendah (low risk), 40% berinvestasi dengan resiko sedang (medium risk), 50% berinvestasi dengan resiko tinggi (high risk) 8. Teman dekatmu dan tetanggamu adalah ahli geologi yang berpengalaman, membentuk grup investor untuk mendanai eksplorasi pertambangan emas. Jika sukses, usaha tersebut dapat 79
membayar 50-100 kali investasi yang sudah diberikan. Jika tambangnya jebol atau runtuh, maka seluruh investasi akan sia-sia. Teman anda memperkirakan peluang atau kesempatan untuk sukses hanya 20%. Jika anda punya uang, berapa banyak anda mau berinvestasi? a. Tidak sama sekali b. Satu bulan uang saku anda c. Tiga bulan uang saku anda d. Enam bulan uang saku anda
Bagian D: Pengetahuan tentang Keuangan Sangat Tidak Setuju Saya memahami tentang mengatur keuangan saya dan masalah tentang keuangan Saya secara teratur mencari informasi tentang keuangan dan sarannya Saya mengerti informasi yang saya terima mengenai produk keuangan Saya yakin di dalam membuat keputusan keuangan dan investasi
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Tidak Setuju
Setuju
Sangat Setuju
Kuesioner Penelitian untuk Orang Tua
Bagian E: Karakteristik responden orang tua Beri tanda checklist (√) pada jawaban yang benar atau sesuai. Identitas Orang Tua Responden Suami Nama: Pekerjaan:
Tidak bekerja Buruh Pekerja kantoran PNS Pendidik (dosen atau guru) Dokter atau perawat Wirausahawan atau pengusaha Manajer dan profesional Pedagang
The last formal education:
Tidak sekolah Sekolah Dasar (SD) Sekolah Menengah Pertama (SMP) Sekolah Menengah Atas (SMA) Sarjana (S1) Magister (S2) Doktor (S3)
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Istri
Gender 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32
Major 1 1 1 2 2 1 2 2 2 2 2 2 2 2 2 2 2 2 2 1 1 1 2 1 2 1 1 2 2 1 2 2
2 2 2 2 2 2 2 2 2 1 1 1 1 1 2 2 1 1 1 1 1 1 1 1 1 1 1 1 1 2 1 2
Fin. Subject 3 4 3 1 3 4 1 2 4 2 2 4 4 4 4 4 4 4 2 2 4 4 4 2 2 2 4 2 4 2 4 4
Fam. Relationship_Q1 Fam. Relationship_Q2 4 3 3 3 4 5 5 5 4 4 3 3 5 4 5 5 5 5 4 4 4 4 5 5 5 5 3 3 4 5 4 4 3 3 5 5 4 4 2 2 5 5 5 4 4 4 3 3 4 4 2 2 5 5 4 4 5 5 4 4 3 3 4 3
33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65
1 2 2 1 2 1 1 2 2 2 2 1 2 1 2 1 2 2 2 2 2 2 2 2 2 1 2 2 1 2 2 1 2
1 2 2 1 2 1 2 2 1 1 2 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
1 4 2 4 3 4 4 4 4 3 4 2 4 4 3 4 4 4 4 4 4 4 4 4 4 4 3 4 2 3 3 2 3
4 3 2 4 5 5 5 2 5 5 4 4 4 4 2 3 5 5 2 3 4 5 5 4 5 2 5 3 4 3 4 2 5
4 3 2 4 5 5 5 2 5 5 4 5 4 4 2 2 5 4 2 4 3 5 5 5 5 2 4 2 3 2 5 3 5
66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98
2 1 2 2 1 1 2 2 2 2 2 2 2 2 2 1 1 1 1 2 1 2 1 2 2 2 1 2 1 2 1 1 2
1 1 1 1 1 1 1 2 1 2 2 1 1 1 1 1 1 1 1 1 1 1 2 1 1 1 1 1 2 1 1 2 2
3 4 4 4 3 3 4 3 4 4 4 4 4 4 4 3 3 3 3 3 4 4 4 3 4 4 4 4 2 3 2 3 4
4 4 2 4 4 2 4 4 4 2 4 3 3 4 3 4 4 3 5 4 4 5 5 5 5 5 3 3 3 4 3 3 5
5 2 2 3 3 1 5 3 3 2 5 2 1 5 2 5 2 2 2 2 5 1 5 3 5 5 5 4 5 4 2 4 5
99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131
2 2 2 2 2 2 1 2 1 1 1 1 1 1 2 2 2 2 2 1 1 2 1 1 2 2 1 1 1 2 1 1 2
1 1 1 1 2 1 1 2 1 2 1 1 1 1 1 1 1 1 1 1 1 2 2 1 1 2 2 2 2 2 1 1 2
4 2 2 4 3 3 3 3 2 3 2 2 2 4 4 4 4 4 3 2 2 3 3 4 4 3 3 3 3 4 2 2 3
3 5 5 3 4 3 4 4 4 4 4 2 3 5 4 5 4 5 3 3 3 5 3 4 4 4 3 3 4 5 5 4 3
5 3 5 4 5 4 4 5 5 4 5 2 5 4 5 5 3 5 5 5 3 5 2 4 5 5 3 4 4 5 4 4 4
132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164
2 2 1 1 1 1 1 1 2 2 2 2 2 2 2 1 2 1 1 1 2 1 2 1 2 2 2 2 1 1 2 2 1
1 1 2 1 1 1 2 2 2 2 1 1 2 1 2 2 2 2 3 3 3 3 3 3 1 1 1 1 2 2 1 2 1
3 4 3 2 2 2 3 3 4 4 1 4 4 4 4 4 4 4 1 1 1 1 1 1 2 3 4 3 4 4 3 4 2
4 4 3 3 3 2 3 4 5 4 4 3 4 5 5 3 3 4 3 5 3 4 2 4 3 5 3 4 4 4 5 3 3
4 5 3 2 3 3 3 4 3 5 5 5 2 5 5 2 3 5 3 3 5 2 2 2 2 5 3 3 2 5 4 5 3
165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197
1 1 2 1 1 2 1 1 2 2 2 2 1 2 1 1 1 2 2 2 2 1 1 1 2 1 1 2 1 2 2 2 1
1 1 2 1 1 2 2 2 2 2 2 2 2 2 1 2 1 1 1 1 1 1 2 2 2 1 1 1 1 1 3 3 2
4 2 2 2 2 4 4 4 4 4 4 4 4 4 2 2 4 2 4 2 4 4 4 4 4 4 4 4 4 4 1 1 3
3 3 4 3 3 1 4 5 4 4 3 5 1 4 4 4 3 4 4 3 4 4 2 4 3 4 1 1 2 2 4 3 4
2 3 5 3 3 5 3 1 3 3 5 3 2 2 3 4 2 5 5 4 5 2 2 3 5 5 3 3 3 3 5 5 5
198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230
1 1 2 1 2 1 2 2 2 1 2 1 2 1 1 2 1 1 1 2 2 2 2 1 1 2 1 2 1 1 2 2 2
2 2 2 3 1 3 2 1 1 1 1 3 2 1 1 1 1 3 3 1 2 2 2 1 1 1 2 2 2 1 1 2 2
4 4 2 1 2 1 2 4 2 2 4 1 4 4 3 2 2 1 1 4 2 2 2 2 3 3 2 2 3 3 2 4 3
5 4 4 4 4 4 5 5 4 4 2 4 4 3 3 4 3 4 5 4 4 3 4 3 5 3 5 3 4 4 3 4 4
5 5 2 1 2 2 2 5 3 3 3 4 3 5 5 3 4 5 5 5 4 2 4 5 5 2 5 3 3 4 5 4 5
231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263
2 1 1 1 1 2 1 1 2 2 2 2 2 2 2 2 1 1 1 1 2 2 2 2 2 2 1 2 1 2 2 1 1
2 1 1 2 1 2 2 2 2 1 1 1 1 1 2 1 1 1 2 2 2 1 1 1 2 1 1 2 1 1 1 1 2
3 2 3 3 2 4 3 4 4 2 4 4 2 4 2 4 4 2 4 4 4 4 3 4 2 4 4 4 4 4 4 3 3
3 3 4 4 3 4 5 4 4 4 3 5 4 3 4 3 3 5 4 5 3 4 3 5 5 3 4 5 4 5 5 5 5
3 3 4 4 3 3 5 5 5 5 5 5 5 3 5 3 5 5 5 5 2 3 2 5 5 5 3 5 2 3 3 2 2
264 265 266 267 268 269 270
1 1 1 2 2 1 2
2 1 1 1 1 2 2
3 2 2 2 2 3 4
4 2 3 3 3 3 4
3 3 4 4 4 3 4
Tot_fam. Relationship 7 6 9 10 8 6 9 10 10 8 8 10 10 6 9 8 6 10 8 4 10 9 8 6 8 4 10 8 10 8 6 7
FRT_Q1 FRT_Q2 FRT_Q3 FRT_Q4 FRT_Q5 FRT_Q6 FRT_Q7 FRT_Q8 2 2 1 3 2 3 3 2 2 4 4 2 3 4 4 2 2 4 3 3 1 3 4 2 2 1 2 3 3 2 2 2 2 1 3 3 3 3 3 3 4 4 4 3 1 4 3 4 4 1 2 2 2 2 3 4 2 1 3 3 1 3 3 1 2 1 2 2 1 2 3 2 3 1 1 2 1 1 4 3 2 1 2 3 2 2 2 2 2 1 2 2 2 2 3 2 2 2 1 2 3 2 2 2 3 2 3 3 2 3 3 3 3 1 1 1 1 1 1 3 3 1 3 2 3 3 2 3 2 1 3 2 2 2 2 2 2 2 1 3 2 3 3 3 2 3 2 2 1 1 1 2 1 2 3 1 1 4 1 2 2 1 1 4 1 4 4 2 3 4 3 1 3 3 1 2 2 4 2 3 3 3 2 1 3 4 3 2 3 4 4 2 2 4 1 2 1 1 1 2 2 2 1 2 2 1 2 2 2 1 2 2 1 2 3 2 2 1 3 3 1 2 2 2 2 2 1 2 4 2 2 1 3 3 2 2 4 2 2 2 3 1 2 2 1 2 3 2 3 1 1 2 2 3 3 3
Tot_FRT 18 25 22 17 21 27 20 17 15 16 16 16 16 22 12 20 16 19 14 15 19 20 20 25 14 14 15 16 16 20 16 18
8 6 4 8 10 10 10 4 10 10 8 9 8 8 4 5 10 9 4 7 7 10 10 9 10 4 9 5 7 5 9 5 10
4 1 3 3 3 3 3 3 2 3 4 2 2 2 1 2 1 3 1 2 3 2 2 2 4 1 1 2 2 2 2 2 1
4 1 1 2 2 2 1 3 1 2 4 3 2 4 1 1 2 4 4 2 2 2 3 2 3 2 1 1 2 1 2 1 1
3 1 2 2 2 1 2 4 1 2 3 3 2 3 1 3 1 2 2 3 3 3 3 3 2 1 1 1 2 2 1 2 1
4 2 3 3 3 3 4 3 2 2 3 2 3 3 2 2 2 1 4 3 3 2 2 2 4 3 2 3 3 1 3 3 2
4 2 1 2 2 2 3 3 1 2 3 2 3 2 2 2 2 2 3 2 2 2 2 2 3 2 2 1 2 2 2 2 2
4 1 3 2 2 3 3 3 1 2 3 3 3 3 2 2 2 2 3 3 2 2 2 2 3 2 1 1 4 4 2 1 1
3 3 1 3 3 3 2 3 2 2 3 3 3 3 2 2 1 2 3 3 2 4 2 2 2 1 2 2 2 3 2 2 1
4 2 2 3 3 4 3 3 2 2 2 2 2 2 1 2 1 3 2 2 2 2 2 2 3 2 1 2 1 2 3 2 1
30 13 16 20 20 21 21 25 12 17 25 20 20 22 12 16 12 19 22 20 19 19 18 17 24 14 11 13 18 17 17 15 10
9 6 4 7 7 3 9 7 7 4 9 5 4 9 5 9 6 5 7 6 9 6 10 8 10 10 8 7 8 8 5 7 10
1 2 3 2 2 2 2 2 2 4 3 2 3 3 2 4 2 4 3 2 2 2 2 3 2 2 3 2 3 2 3 3 3
1 2 2 3 2 2 1 2 2 2 1 1 2 2 2 2 2 4 3 2 2 3 4 2 2 2 3 2 3 2 2 2 2
2 1 1 2 1 2 2 1 1 3 3 2 3 2 2 3 3 3 2 2 2 1 3 3 3 2 3 2 2 1 2 2 1
2 2 2 3 4 3 3 3 2 3 3 2 3 2 3 4 2 4 4 3 2 4 3 2 2 3 3 2 3 2 3 3 3
2 2 2 2 2 2 2 2 2 2 2 2 2 3 2 4 2 3 3 2 1 3 3 2 2 2 3 2 3 2 3 2 3
1 2 1 4 2 2 4 2 4 2 4 4 4 2 1 2 3 2 2 2 1 4 4 1 2 2 4 2 4 4 4 4 4
1 2 2 3 1 2 2 2 2 3 2 2 2 4 2 4 4 3 3 1 3 4 3 3 2 3 3 3 3 3 3 3 3
2 2 3 3 4 2 2 3 1 2 2 1 1 1 2 3 2 4 3 2 2 3 3 3 2 3 3 2 1 1 2 1 2
12 15 16 22 18 17 18 17 16 21 20 16 20 19 16 26 20 27 23 16 15 24 25 19 17 19 25 17 22 17 22 20 21
8 8 10 7 9 7 8 9 9 8 9 4 8 9 9 10 7 10 8 8 6 10 5 8 9 9 6 7 8 10 9 8 7
2 3 3 3 3 3 3 3 3 3 3 2 3 3 3 3 3 3 3 3 2 3 2 3 3 2 3 3 2 3 3 3 2
2 3 3 3 3 2 3 3 3 2 2 2 2 3 2 3 3 2 3 2 3 2 1 3 2 2 2 3 3 2 2 3 1
1 3 2 3 2 1 3 3 2 1 1 1 1 1 2 3 3 1 1 1 2 1 1 3 1 2 1 3 3 1 1 2 1
2 4 3 3 3 3 4 3 3 2 2 2 2 3 3 4 4 3 3 3 4 3 2 4 2 3 2 3 3 2 2 3 1
2 3 3 3 3 3 3 3 3 2 3 2 2 3 2 3 3 3 3 3 2 3 2 3 2 2 3 3 3 2 2 3 2
4 4 4 4 4 4 4 4 4 2 2 2 2 3 2 4 4 4 4 2 2 4 2 4 4 4 2 2 1 4 1 4 2
3 4 3 3 3 3 4 3 3 2 3 2 2 3 3 3 3 3 3 2 2 3 3 4 3 2 3 3 3 3 2 3 2
3 3 1 2 3 2 3 2 3 2 2 2 1 3 2 2 2 2 2 1 2 2 2 3 1 2 2 2 2 1 1 2 1
19 27 22 24 24 21 27 24 24 16 18 15 15 22 19 25 25 21 22 17 19 21 15 27 18 19 18 22 20 18 14 23 12
8 9 6 5 6 5 6 8 8 9 9 8 6 10 10 5 6 9 6 8 8 6 4 6 5 10 6 7 6 9 9 8 6
3 3 2 3 2 3 3 3 2 2 3 2 2 3 2 2 2 3 2 2 2 2 4 2 2 4 4 2 2 2 4 2 3
3 2 2 3 2 3 3 2 1 1 1 4 2 4 4 4 4 1 2 3 3 1 3 2 2 2 4 2 2 4 2 1 3
3 1 1 3 1 3 1 1 1 1 1 4 1 2 1 2 2 2 2 2 1 1 3 2 3 3 2 3 1 1 1 2 3
4 3 1 4 2 3 3 3 3 4 1 2 3 4 4 3 4 3 3 2 2 3 3 3 3 4 4 3 2 2 2 3 4
3 3 2 3 2 3 3 3 2 2 2 4 1 2 3 1 1 2 2 3 1 2 4 3 2 2 2 2 3 4 1 2 3
4 4 2 4 2 4 4 4 4 2 4 3 1 2 2 3 2 1 4 4 2 4 2 2 4 1 1 4 1 4 4 4 4
3 3 2 3 2 3 3 3 2 4 2 1 3 2 4 3 3 2 1 2 1 2 4 2 2 1 2 2 3 3 3 2 3
2 2 1 3 1 3 3 2 1 1 2 4 1 1 3 1 3 1 2 2 2 1 3 2 3 3 2 1 3 2 1 1 3
25 21 13 26 14 25 23 21 16 17 16 24 14 20 23 19 21 15 18 20 14 16 26 18 21 20 21 19 17 22 18 17 26
5 6 9 6 6 6 7 6 7 7 8 8 3 6 7 8 5 9 9 7 9 6 4 7 8 9 4 4 5 5 9 8 9
4 1 3 2 4 3 3 4 2 2 2 2 4 2 2 4 2 4 1 3 3 2 1 2 3 2 3 2 4 4 2 3 4
3 2 2 3 3 4 1 4 1 1 2 1 4 1 2 3 2 2 1 2 3 1 1 4 1 3 3 2 1 4 3 1 4
3 3 3 2 3 2 3 3 3 1 2 3 3 4 3 3 1 3 2 3 3 1 1 3 2 1 2 1 1 3 2 2 3
2 2 3 2 3 3 3 4 4 3 3 3 2 2 3 3 2 3 2 2 3 3 3 2 1 3 2 2 4 3 3 3 3
3 1 3 2 3 2 1 2 1 1 2 3 3 2 3 3 1 3 2 3 3 2 2 3 3 2 2 2 3 2 2 1 3
4 1 4 4 4 3 4 4 4 4 1 1 4 1 2 2 1 2 2 2 4 2 1 4 4 4 2 4 3 1 4 1 4
3 2 2 2 3 2 2 4 1 3 3 1 3 3 3 3 2 3 1 3 2 2 2 3 2 3 3 2 3 3 1 1 3
3 1 2 1 3 2 1 4 3 3 2 1 3 2 4 3 1 3 1 3 3 3 1 2 1 3 1 2 3 2 2 2 3
25 13 22 18 26 21 18 29 19 18 17 15 26 17 22 24 12 23 12 21 24 16 12 23 17 21 18 17 22 22 19 14 27
10 9 6 5 6 6 7 10 7 7 5 8 7 8 8 7 7 9 10 9 8 5 8 8 10 5 10 6 7 8 8 8 9
4 4 3 3 3 3 3 4 3 3 4 2 2 2 4 3 1 2 1 3 3 1 2 3 3 1 2 2 3 3 3 3 2
1 1 1 1 1 1 1 2 2 3 4 2 2 3 4 3 2 2 1 3 2 1 2 2 3 4 2 2 3 3 2 2 1
3 3 2 2 2 2 2 1 3 3 4 3 1 2 4 3 2 3 1 3 3 1 1 3 3 4 3 2 1 1 2 1 1
4 3 3 3 2 3 2 2 3 3 4 3 3 4 4 3 2 2 1 3 3 1 1 3 3 4 2 2 3 4 2 2 2
4 2 3 3 3 3 3 1 3 3 4 3 2 3 4 3 2 2 1 3 2 1 2 2 3 3 2 2 3 3 3 2 2
2 1 4 4 4 4 4 1 2 3 4 4 3 3 4 2 1 1 1 3 3 1 1 1 4 2 4 1 4 4 2 2 2
3 3 3 2 3 4 3 2 3 2 4 2 2 2 4 3 2 2 1 3 2 1 1 2 3 4 1 1 3 3 3 2 2
4 4 1 2 1 2 1 4 3 2 4 2 3 3 3 3 1 2 1 3 2 1 1 2 3 4 2 1 3 3 2 1 1
25 21 20 20 19 22 19 17 22 22 32 21 18 22 31 23 13 16 8 24 20 8 11 18 25 26 18 13 23 24 19 15 13
6 6 8 8 6 7 10 9 9 9 8 10 9 6 9 6 8 10 9 10 5 7 5 10 10 8 7 10 6 8 8 7 7
3 3 3 3 2 3 3 3 3 4 2 1 2 2 1 3 3 2 3 2 3 2 2 4 4 3 2 3 3 2 2 2 3
3 3 3 2 2 2 3 2 3 3 2 1 1 1 2 2 4 1 3 2 2 1 1 2 1 1 3 1 2 1 1 2 1
3 3 3 2 1 1 2 1 1 3 1 1 3 2 2 3 2 3 2 2 4 2 2 2 3 3 1 1 2 4 4 1 3
4 4 4 3 2 2 3 3 3 3 2 2 2 2 3 3 2 3 2 2 2 2 3 4 4 3 3 2 3 3 3 4 4
3 3 3 3 2 2 3 3 3 3 2 1 1 2 2 3 3 3 2 3 2 2 2 1 2 3 3 2 3 2 2 1 3
4 4 4 4 1 2 4 4 4 2 1 1 2 1 2 3 2 4 2 1 2 1 4 4 2 1 2 4 2 4 4 2 2
3 3 3 3 2 2 3 3 3 3 2 2 2 2 2 2 3 2 3 2 3 1 3 3 4 1 2 3 3 1 1 3 3
3 3 3 2 1 1 3 2 3 3 1 1 2 1 3 3 3 3 2 2 1 2 2 2 2 3 3 1 3 3 3 2 1
26 26 26 22 13 15 24 21 23 24 13 10 15 13 17 22 22 21 19 16 19 13 19 22 22 18 19 17 21 20 20 17 20
7 5 7 7 7 6 8
3 2 3 3 3 3 2
3 2 3 3 3 2 2
2 1 3 3 3 1 1
3 2 4 4 3 2 2
3 2 3 3 3 3 2
4 1 4 4 4 2 2
4 2 3 3 3 3 2
3 1 3 3 3 2 1
25 13 26 26 25 18 14
Fin. Knowledge_Q1 Fin. Knowledge_Q2 Fin. Knowledge_Q3 Fin. Knowledge_Q4 4 1 1 2 3 3 3 3 3 2 3 3 4 3 3 3 3 3 3 3 3 3 2 3 4 3 3 3 2 3 3 3 3 3 3 2 2 2 2 2 2 2 2 2 4 4 4 2 3 3 3 4 3 3 3 3 3 3 3 3 3 2 3 3 3 3 3 3 3 3 3 3 3 3 3 3 2 1 3 3 4 3 3 3 4 3 3 3 3 3 3 4 4 3 3 4 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 3 2 3 3 3 3 3 2
Tot. Fin. Knowledge 8 12 11 13 12 11 13 11 11 8 8 14 13 12 12 11 12 12 12 9 13 13 13 14 12 12 12 12 16 16 11 11
Husband Occup 4 9 4 9 7 9 4 9 3 4 4 7 1 7 3 7 6 7 4 7 4 5 7 4 2 4 4 7 3 3 7 7
3 3 3 4 4 4 3 4 3 3 3 3 4 4 3 3 3 3 2 3 3 3 3 4 3 2 3 4 3 2 3 2 4
4 3 3 3 3 3 3 3 2 3 2 3 4 4 2 3 4 2 3 2 3 2 3 3 3 3 2 3 3 2 2 2 2
3 3 3 3 3 3 3 3 2 3 3 3 4 4 2 3 4 3 3 3 3 3 3 3 2 3 3 3 2 3 3 3 3
3 2 3 3 3 3 3 3 2 3 3 3 4 4 2 3 4 3 3 3 3 3 3 3 3 3 3 3 2 2 3 2 3
13 11 12 13 13 13 12 13 9 12 11 12 16 16 9 12 15 11 11 11 12 11 12 13 11 11 11 13 10 9 11 9 12
9 4 7 7 7 7 4 7 4 8 8 3 7 4 7 4 3 3 7 7 7 9 7 7 7 9 9 5 3 7 3 5 9
3 3 3 2 3 3 4 3 2 3 3 3 2 3 3 4 3 3 1 2 3 2 3 3 3 3 3 2 4 3 3 3 4
2 4 3 2 3 2 3 3 3 3 2 3 3 3 2 4 2 3 1 2 3 2 3 2 2 2 3 2 4 3 3 3 4
3 4 2 2 3 2 3 2 2 3 3 3 2 3 2 4 3 3 1 2 2 3 3 3 3 3 3 2 4 3 4 3 4
3 4 2 2 3 2 3 2 2 3 2 3 2 3 2 4 4 3 1 2 2 3 4 3 3 3 3 2 4 3 4 4 4
11 15 10 8 12 9 13 10 9 12 10 12 9 12 9 16 12 12 4 8 10 10 13 11 11 11 12 8 16 12 14 13 16
1 3 9 7 7 7 3 5 4 2 3 7 7 8 3 7 7 5 7 7 5 7 7 4 4 7 8 7 7 3 9 3 4
3 3 3 3 4 4 3 3 3 3 3 3 3 3 3 4 4 4 4 3 3 4 3 4 4 3 3 4 3 4 4 3 2
2 4 2 3 2 3 3 2 2 3 2 2 2 3 2 4 4 3 3 3 2 3 2 3 3 3 2 3 3 3 2 2 2
3 4 2 3 2 3 3 3 3 3 2 2 2 4 2 4 4 3 3 3 2 3 2 3 4 2 3 3 3 2 3 2 2
3 4 3 3 3 3 3 3 3 3 3 2 3 4 3 4 4 3 3 3 3 3 2 4 3 2 3 3 4 3 4 3 2
11 15 10 12 11 13 12 11 11 12 10 9 10 14 10 16 16 13 13 12 10 13 9 14 14 10 11 13 13 12 13 10 8
4 7 7 8 7 8 7 7 7 4 8 3 4 7 7 7 8 7 6 4 7 8 3 7 3 4 7 3 5 5 7 7 3
3 3 2 3 2 3 3 3 3 3 3 1 3 2 3 3 3 3 4 3 3 3 3 3 2 3 3 3 3 3 3 3 3
3 3 2 2 2 2 2 3 3 2 3 2 3 3 3 3 3 3 3 2 3 2 3 3 2 3 3 2 3 3 3 3 2
3 3 2 2 2 2 2 3 2 3 3 1 3 2 3 2 3 4 3 2 2 2 3 3 2 3 3 2 3 3 3 3 2
3 3 2 3 2 3 3 3 2 3 3 3 3 3 3 3 2 3 3 3 2 2 3 3 2 3 3 3 3 3 3 3 3
12 12 8 10 8 10 10 12 10 11 12 7 12 10 12 11 11 13 13 10 10 9 12 12 8 12 12 10 12 12 12 12 10
7 7 3 1 4 3 7 4 4 9 8 7 4 7 7 4 7 3 3 4 7 3 7 2 7 4 4 9 1 2 8 4 7
4 3 4 4 3 3 3 3 2 3 3 3 2 3 3 4 3 4 4 4 4 3 3 3 3 4 3 2 3 3 3 3 3
4 3 3 3 4 3 3 3 2 3 2 3 2 2 2 3 2 3 3 4 4 2 3 3 2 4 2 2 2 3 3 3 3
4 3 3 3 3 3 3 3 3 3 2 2 3 3 3 3 3 3 3 4 4 3 3 3 3 4 2 3 3 3 3 3 3
4 3 3 4 4 3 3 3 2 3 3 3 3 3 3 4 3 4 3 4 4 2 3 2 3 4 2 2 3 3 3 3 3
16 12 13 14 14 12 12 12 9 12 10 11 10 11 11 14 11 14 13 16 16 10 12 11 11 16 9 9 11 12 12 12 12
7 7 3 5 5 7 7 7 8 9 7 7 4 5 3 7 3 3 3 7 6 7 4 7 1 3 8 7 8 7 4 7 7
4 4 3 3 3 3 3 3 4 3 3 4 3 4 3 3 3 4 4 4 3 3 3 4 3 4 3 3 3 3 2 3 3
4 4 3 3 4 3 3 3 4 3 2 4 2 4 2 2 3 4 4 4 3 3 3 4 2 4 4 3 2 3 2 2 3
4 4 3 3 4 3 3 3 4 3 3 3 3 2 3 3 3 4 4 4 3 3 2 4 2 4 4 3 2 2 2 2 2
4 4 3 3 3 3 3 3 4 3 3 4 3 3 4 3 3 4 4 4 3 3 3 4 3 4 3 3 3 3 2 2 2
16 16 12 12 14 12 12 12 16 12 11 15 11 13 12 11 12 16 16 16 12 12 11 16 10 16 14 12 10 11 8 9 10
8 8 7 6 4 7 6 4 3 7 9 9 3 3 9 7 9 8 7 7 7 7 7 5 5 3 3 3 7 7 7 4 2
3 3 3 3 2 3 4 3 3 4 3 4 3 3 4 4 4 4 3 3 3 3 3 3 2 3 3 4 3 3 3 3 4
3 2 3 3 2 3 3 3 3 3 3 4 3 3 3 4 3 3 3 2 3 3 2 3 2 3 3 3 3 3 3 3 4
2 2 3 2 2 2 3 3 3 3 3 3 3 3 3 3 4 3 3 2 3 3 3 4 2 3 3 3 3 3 3 3 3
3 3 4 3 2 2 3 3 2 4 3 4 2 2 4 4 4 3 3 3 3 3 3 4 2 3 3 3 3 3 3 3 3
11 10 13 11 8 10 13 12 11 14 12 15 11 11 14 15 15 13 12 10 12 12 11 14 8 12 12 13 12 12 12 12 14
7 7 7 7 3 3 3 7 7 7 7 7 7 7 7 7 7 7 4 4 3 9 3 7 7 7 4 3 3 5 4 5 3
3 2 2 3 3 3 3
3 2 2 2 2 3 3
3 2 2 2 2 3 3
4 2 3 3 3 4 2
13 8 9 10 10 13 11
7 4 7 7 7 4 4
Wife Occup 7 9 5 9 7 1 1 9 7 1 1 4 7 7 6 7 1 7 4 3 7 7 7 4 5 4 1 9 4 1 1 7
Husband Last Education Wife Last Education 4 4 4 6 6 6 4 4 4 4 4 6 4 3 3 3 6 6 6 3 6 3 6 6 6 5 4 5 4 6 3 6 6 6 4 4 6 6 4 4 6 4 7 6 4 4 6 6 4 6 6 6 4 3 6 4 6 6 6 3 4 4 6 3
9 3 7 4 7 7 4 1 1 3 3 4 7 1 7 5 1 1 1 1 4 9 7 7 1 9 1 4 1 1 1 1 9
3 4 6 6 6 6 7 4 5 7 7 6 6 6 4 6 6 4 6 3 4 3 4 4 4 4 3 6 2 3 4 6 4
6 6 6 6 4 6 6 3 4 6 6 6 6 4 5 6 4 4 4 4 6 3 4 4 4 7 2 6 2 4 4 6 6
3 4 9 1 1 1 1 5 4 4 4 1 9 1 1 1 7 5 7 1 7 1 1 4 4 7 8 7 1 7 1 1 4
4 6 6 4 6 4 4 8 6 1 6 3 4 7 6 7 4 7 4 6 8 4 4 7 6 4 6 6 6 6 7 6 6
6 6 6 3 6 4 4 6 6 6 6 2 6 6 4 6 3 7 3 4 6 6 4 6 6 5 6 6 4 3 4 4 6
1 1 1 1 1 1 1 1 7 4 8 3 4 1 7 1 1 7 6 4 1 3 3 1 1 4 7 1 5 1 1 1 1
7 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 6 4 6 6 4 6 6 4 6 6 4 6 7 7 6 6 6
4 6 5 6 6 6 4 5 6 6 6 6 6 5 6 6 6 4 6 6 3 6 6 4 6 6 4 4 6 4 4 6 3
7 7 3 8 1 1 3 5 9 9 1 7 4 1 1 5 7 3 7 4 1 4 4 3 1 4 1 9 8 9 1 1 1
6 6 6 4 6 6 6 6 6 3 7 6 6 4 4 7 4 6 4 6 4 4 6 3 5 7 7 4 6 4 6 7 6
5 4 6 6 5 5 6 6 4 2 5 6 6 3 4 6 4 6 4 4 4 6 6 4 4 7 5 3 6 3 6 6 4
7 7 6 5 1 1 1 1 1 9 1 1 5 5 1 7 3 1 6 7 1 7 5 1 3 3 1 1 7 7 6 8 7
6 6 6 6 6 6 6 4 6 4 2 4 6 6 6 6 6 6 6 6 6 4 6 6 6 4 8 6 7 6 6 3 2
6 6 6 6 6 4 6 4 6 3 2 4 6 7 4 6 6 6 6 6 6 5 6 4 6 4 6 4 6 6 6 3 2
6 6 9 5 4 7 7 6 3 9 7 9 5 4 9 7 1 7 9 7 7 7 1 5 8 4 9 1 1 1 7 5 9
8 8 6 5 6 6 8 6 3 4 4 6 6 4 3 3 4 6 6 4 6 4 4 8 8 4 3 6 4 6 6 6 3
8 7 4 8 6 6 6 6 4 4 3 4 6 4 2 4 4 6 6 4 4 2 2 7 6 6 3 4 4 4 6 6 3
1 1 1 7 4 9 3 7 7 7 7 1 7 1 7 7 1 1 9 9 4 7 1 7 7 7 1 4 7 4 1 4 5
4 4 6 4 6 6 6 4 4 6 6 6 6 6 6 6 6 4 4 6 6 4 4 6 6 2 6 4 4 8 6 6 6
4 3 4 4 6 4 6 4 4 6 6 6 6 5 6 6 6 4 4 5 7 4 4 4 4 2 5 6 4 7 3 6 6
7 1 7 8 1 1 5
6 7 4 6 6 7 6
4 5 4 6 5 5 6
Reliability and Validity Test Reliability FAMILY RELATIONSHIP Scale: ALL VARIABLES Case Processing Summary N Cases
Valid Excluded
a
% 60
22.2
210
77.8
Total 270 100.0 a. Listwise deletion based on all variables in the procedure. Reliability Statistics Cronbach's Alpha
N of Items
.943
2 Item Statistics Mean
family relationship_Q1 family relationship_Q2
Std. Deviation
3.97 3.90
N
1.008 1.069
60 60
Item-Total Statistics Scale Mean if Item Deleted
Scale Variance if Corrected ItemItem Deleted Total Correlation
Cronbach's Alpha if Item Deleted
family relationship_Q1 3.90 1.142 .894 .a family relationship_Q2 3.97 1.016 .894 .a a. The value is negative due to a negative average covariance among items. This violates reliability model assumptions. You may want to check item codings. Scale Statistics Mean 7.87
Variance 4.084
Std. Deviation
N of Items
2.021
2
82
Reliability FINANCIAL RISK TOLERANCE Scale: ALL VARIABLES Case Processing Summary N Cases
Valid Excluded
a
% 60
22.2
210
77.8
Total 270 100.0 a. Listwise deletion based on all variables in the procedure. Reliability Statistics Cronbach's Alpha
N of Items
.721
8 Item Statistics Mean
financial risk tolerance_Q1 financial risk tolerance_Q2 financial risk tolerance_Q3 financial risk tolerance_Q4 financial risk tolerance_Q5 financial risk tolerance_Q6 financial risk tolerance_Q7 financial risk tolerance_Q8
Std. Deviation
2.35 2.10 2.13 2.48 2.07 2.40 2.47 2.25
N
.799 1.145 .911 .748 .841 .867 .853 .728
60 60 60 60 60 60 60 60
Item-Total Statistics Scale Mean if Item Deleted financial risk tolerance_Q1 financial risk tolerance_Q2 financial risk tolerance_Q3 financial risk tolerance_Q4 financial risk tolerance_Q5 financial risk tolerance_Q6 financial risk tolerance_Q7 financial risk tolerance_Q8
Scale Variance if Corrected ItemItem Deleted Total Correlation
15.90 16.15 16.12 15.77 16.18 15.85 15.78 16.00
13.075 11.960 12.545 14.012 13.678 11.791 13.529 13.831
83
.464 .394 .468 .326 .323 .646 .341 .376
Cronbach's Alpha if Item Deleted .683 .704 .681 .709 .710 .642 .707 .701
Scale Statistics Mean 18.25
Variance 16.394
Std. Deviation
N of Items
4.049
8
84
Reliability FINANCIAL KNOWLEDGE Scale: ALL VARIABLES Case Processing Summary N Cases
Valid Excluded
a
% 60
22.2
210
77.8
Total 270 100.0 a. Listwise deletion based on all variables in the procedure. Reliability Statistics Cronbach's Alpha
N of Items
.760
4 Item Statistics Mean
financial knowledge_Q1 financial knowledge_Q2 financial knowledge_Q3 financial knowledge_Q4
Std. Deviation
3.18 2.85 2.97 2.98
N
.596 .659 .520 .537
60 60 60 60
Item-Total Statistics Scale Mean if Item Deleted financial knowledge_Q1 financial knowledge_Q2 financial knowledge_Q3 financial knowledge_Q4
Scale Variance if Corrected ItemItem Deleted Total Correlation
8.80 9.13 9.02 9.00
2.129 1.609 1.881 2.000
Scale Statistics Mean 11.98
Variance 3.135
Std. Deviation
N of Items
1.771
4
85
.374 .653 .690 .558
Cronbach's Alpha if Item Deleted .801 .648 .640 .705
Descriptive Statistics Test Descriptive Analysis Test of Gender Frequencies Statistics gender of respondents N
Valid Missing
270 0 gender of respondents Frequency
Valid
Percent
Valid Percent
Cumulative Percent
Men
116
43.0
43.0
43.0
women
154
57.0
57.0
100.0
Total
270
100.0
100.0
86
Descriptive Analysis Test of Major Frequencies Statistics major of respondents N
Valid Missing
270 0 major of respondents Frequency
Valid
management
Percent
Valid Percent
Cumulative Percent
163
60.4
60.4
60.4
accounting
94
34.8
34.8
95.2
IE
13
4.8
4.8
100.0
270
100.0
100.0
Total
87
Descriptive Analysis Test of Financial Subject Frequencies Statistics financial subject that already taken N
Valid Missing
270 0 financial subject that already taken Frequency
Valid
Percent
Valid Percent
Cumulative Percent
1 course
17
6.3
6.3
6.3
2 courses
64
23.7
23.7
30.0
3 courses
58
21.5
21.5
51.5
more than 3 courses
131
48.5
48.5
100.0
Total
270
100.0
100.0
88
Descriptive Analysis Test of Fathers’ Last Education Frequencies Statistics husband last education N
Valid Missing
270 0 father last education Frequency
Valid
Percent
Valid Percent
Cumulative Percent
no degree
1
.4
.4
.4
elementary school
4
1.5
1.5
1.9
junior high school
16
5.9
5.9
7.8
senior high school
74
27.4
27.4
35.2
D3
2
.7
.7
35.9
S1
143
53.0
53.0
88.9
S2
21
7.8
7.8
96.7
S3
9
3.3
3.3
100.0
270
100.0
100.0
Total
89
Descriptive Analysis Test of Mothers’ Last Education Frequencies Statistics wife last education N
Valid Missing
270 0 mother last education Frequency
Valid
Percent
Valid Percent
Cumulative Percent
elementary school
10
3.7
3.7
3.7
junior high school
25
9.3
9.3
13.0
senior high school
81
30.0
30.0
43.0
D3
19
7.0
7.0
50.0
S1
125
46.3
46.3
96.3
S2
8
3.0
3.0
99.3
S3
2
.7
.7
100.0
270
100.0
100.0
Total
90
Descriptive Analysis Test of Fathers’ Occupation Frequencies Statistics husband occupation N
Valid Missing
270 0 father occupation Frequency
Valid
Percent
Valid Percent
Cumulative Percent
Unemployed
5
1.9
1.9
1.9
Labours
5
1.9
1.9
3.7
employees/office workers
45
16.7
16.7
20.4
PNS
46
17.0
17.0
37.4
educator (lecturer or teacher)
15
5.6
5.6
43.0
5
1.9
1.9
44.8
113
41.9
41.9
86.7
managers and professionals
17
6.3
6.3
93.0
Traders
19
7.0
7.0
100.0
270
100.0
100.0
doctor or nurse Entrepreneurs
Total
91
Descriptive Analysis Test of Mothers’ Occupation Frequencies Statistics wife occupation N
Valid Missing
270 0 mother occupation Frequency
Valid
Percent
Valid Percent
Cumulative Percent
Unemployed
96
35.6
35.6
35.6
employees/office workers
17
6.3
6.3
41.9
PNS
34
12.6
12.6
54.4
educator (lecturer or teacher)
18
6.7
6.7
61.1
doctor or nurse
8
3.0
3.0
64.1
Entrepreneurs
65
24.1
24.1
88.1
7
2.6
2.6
90.7
25
9.3
9.3
100.0
270
100.0
100.0
managers and professionals Traders Total
92
Chi Square Test Chi Square Test for Fathers’ Education Crosstabs Case Processing Summary Cases Valid N father last education * total financial risk tolerance
Missing
Percent 270
N
Total
Percent
100.0%
0
N
.0%
Percent 270
100.0%
father last education * total financial risk tolerance Crosstabulation total financial risk tolerance 8 10 11 12 13 father last no degree education
0
15
16
17
18
19
20
21
22 23 24
25
26 27 29 30 31 32 Total
Count
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
1
Expected Count
.0 .0 .0 .0
.0
.0
.1
.1
.1
.1
.1
.1
.1
.1 .0
.0
.1
.0 .0 .0 .0 .0
.0
1.0
Residual
.0 .0 .0 .0
.0
.0
.0
.0
.0
.0
.0
.0
.9
.0 .0
.0
.0
.0 .0 .0 .0 .0
.0
0
0
0
0
1
2
0
0
0
0
0
0
0
0
0
0
4
.0 .0 .0 .1
.2
.1
.2
.3
.3
.3
.3
.4
.3
.4 .1
.2
.2
.2 .1 .0 .0 .0
.0
4.0
Residual
.0 .0 .0 -.1
-.2
-.1
-.2
-.3
.7 1.7
-.3
-.4
-.3
-.4 -.1
-.2
-.2
-.2 .9 .0 .0 .0
.0
1
1
0
1
1
2
0
0
0
1
0
3
93
2
1
1
0
0
0
0
0
0
1
0
0
0
0
0
elementary Count school Expected Count junior high Count
0
0
14
0
0
1
1
0
16
school
Expected Count
.1 .1 .1 .5
.7
.6
Residual
-.1 -.1 .9 -.5
.3
.4
-.8
3
3
3
senior high Count school Expected Count D3
S1
1
1
1
3
.8 1.3 1.4 1.3 1.4 1.4 1.2 1.5 .5 -.3 1.6 3
5
.7
-.4
6
8
.6 -1.2 5
7
-.5 .5 6
4
.8
.9
.7 .4 .1 .1 .1
-.8
-.9
-.7 -.4 .0 .9 .9
3
3
5
2
1
0
0
S3
Total
.0 1
74
.5 .5 .5 2.5 3.3 2.7 3.8 6.0 6.3 6.0 6.3 6.6 5.8 6.9 2.5 3.6 4.1 3.3 1.6 .3 .3 .3
.3 74.0
Residual
.5 .5 .5 .5
.7
Count
0
-.3
.3
1
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
2
Expected Count
.0 .0 .0 .1
.1
.1
.1
.2
.2
.2
.2
.2
.2
.2 .1
.1
.1
.1 .0 .0 .0 .0
.0
2.0
Residual
.0 .0 .0 .9
.0
.0
-.1
-.2
-.2
-.2
-.2
-.2
.8
-.2 .0
.0
-.1
.0 .0 .0 .0 .0
.0
Count
1
7
6
10
17
11
8
9
12
9
16
10
9
6
0
0
1
0
0
5
-.8 -3.0 -1.3
.0 1.7 -1.6 1.2
-.9 1.5
4
-.6 -1.1 1.7 .4 .7 -.3 -.3 0
2
0
0
0
0
0
Expected 1.1 1.1 1.1 4.8 6.4 5.3 7.4 11.7 12.2 11.7 12.2 12.7 11.1 13.2 4.8 6.9 7.9 6.4 3.2 .5 .5 .5 Count
S2
.1 16.0
Residual
.0 .0
Count
0
.6
.7 2.6 5.3 -1.2 -3.7 -3.2
0
1
0
Expected Count
.2 .2 .2 .7
.9
.8 1.1 1.7 1.8 1.7 1.8 1.9 1.6 1.9 .7 1.0 1.2
Residual
-.2 -.2 -.2 -.7
.1
0
0
- .2 1.1 0
-.8 -1.1
1
2
2
4
4
2
2
0
0
-.7
.2
.3 2.2 2.1
.4
.1 -.7 -1.0
1
-.2
-.4 1
.5 143.0
- -.5 -.5 -.5 -.5 1.2 1
0
0
0
0
21
.9 .5 .1 .1 .1
.1 21.0
.1 .5 .0 .0 .0
.0
Count
0
0
0
0
1
0
1
2
1
1
1
0
0
0
2
0
0
0
9
Expected Count
.1 .1 .1 .3
.4
.3
.5
.7
.8
.7
.8
.8
.7
.8 .3
.4
.5
.4 .2 .0 .0 .0
.0
9.0
Residual
.0 .0 .0 -.3
-.4
-.3
.5
-.7
.2 1.3
.2
.2
.3
-.8 -.3
-.4 1.5
-.4 -.2 .0 .0 .0
.0
Count
2
12
10
14
22
23
23
24
21
25
13
12
1
2
0
0
-.7 -2.1 2.8 -.8 3.1 1.1
143
2
9
22
9
15
0
6
0
1
0
1
1
270
Expected 2.0 2.0 2.0 9.0 12.0 10.0 14.0 22.0 23.0 22.0 23.0 24.0 21.0 25.0 9.0 13.0 15.0 12.0 6.0 1.0 1.0 1.0 1.0 270.0 Count
94
Chi-Square Tests Value
df
Asymp. Sig. (2sided)
Pearson Chi-Square 145.886a 154 .667 Likelihood Ratio 106.059 154 .999 Linear-by-Linear Association .057 1 .811 N of Valid Cases 270 a. 164 cells (89.1%) have expected count less than 5. The minimum expected count is .00.
95
Chi Square Test for Mothers’ Education Crosstabs Case Processing Summary Cases Valid N mother last education * total financial risk tolerance
Missing
Percent 270
N
Total
Percent
100.0%
0
N
.0%
Percent 270
100.0%
mother last education * total financial risk tolerance Crosstabulation total financial risk tolerance 8 10 11 12 13
17
18
19
20
21
22 23 24
25
26 27 29 30 31 32 Total
0
0
0
1
2
2
0
0
0
0
0
0
0
0
.1 .1 .1 .3
.4
.4
.5
.8
.9
.8
.9
.9
.8
.9 .3
.5
.6
.4 .2 .0 .0 .0
Residual
.9 .0 1.9 -.3
-.4
-.4
-.5
.2 1.1 1.2
-.9
-.9
-.8
-.9 -.3
-.5
-.6
-.4 .8 .0 .0 1.0
1
1
1
3
5
0
0
1
Residual senior high Count school Expected Count Residual D3
Count
0
2
16
0
0
0
15
mother elementary Count last school Expected education Count junior high Count school Expected Count
1
14
0
1
.2 .2 .2 .8 1.1 -.2 -.2 -.2 .2 0
0
0
2
2
2
3
2
1
1
1
0
0
0
0
0
1
0
0
0
0
1
10
.0 10.0 .0 1
25
.9 1.3 2.0 2.1 2.0 2.1 2.2 1.9 2.3 .8 1.2 1.4 1.1 .6 .1 .1 .1
.1 25.0
-.1
.1
-.3
.0
.9
3
2
3
5
-.1 1.0 6
7
.9 2.8 -1.9
-.3 .2 -1.2
6
12
7
11
5
3
-.4 2
-.1 -.6 .0 .0 .0 4
2
1
0
0
.6 .6 .6 2.7 3.6 3.0 4.2 6.6 6.9 6.6 6.9 7.2 6.3 7.5 2.7 3.9 4.5 3.6 1.8 .3 .3 .3 -.6 -.6 -.6 -.7
0
-.6 -1.0 -1.2 -1.6 2
1
0
4
-.9
.4
-.9
0
1
2
96
-.2 4.7 4.5 2.3 0
1
3
0
-.9 -2.5 1
3
0
81
.3 81.0
.4 .2 .7 -.3 -.3 -.3 0
0
0
0
0
0
19
Expected Count Residual S1
S2
S3
Total
.1 .1 .1 .6
.8
-.1 -.1 -.1 .4 1.2 2
.3 -1.0 2.5 -1.6
.1 1.9
-.8 -.4 .0 .0 .0
.4
.4 3.5
Count
0
0
0
1
0
0
1
1
1
2
1
0
0
0
0
0
0
0
8
Expected Count
.1 .1 .1 .3
.4
.3
.4
.7
.7
.7
.7
.7
.6
.7 .3
.4
.4
.4 .2 .0 .0 .0
.0
8.0
Residual
.0 .0 .0 -.3
-.4
.7
-.4
-.7
.3
.3
.3 1.3
.4
-.7 -.3
-.4
-.4
-.4 .8 .0 .0 .0
.0
Count
0
0
0
0
0
0
0
0
0
1
0
0
0
0
1
0
0
0
2
Expected Count
.0 .0 .0 .1
.1
.1
.1
.2
.2
.2
.2
.2
.2
.2 .1
.1
.1
.1 .0 .0 .0 .0
.0
2.0
Residual
.0 .0 .0 .0
.0
.0
-.1
-.2
-.2
-.2
-.2
.8
-.2
-.2 .0
.0
.9
.0 .0 .0 .0 .0
.0
Count
2
12
10
14
22
23
22
23
24
21
25
13
15
12
1
9
12
8
-.2 1.4 -2.2
11
9
8
8
.4 -2.1 -1.7 -3.6
3
9
8
7
2
0
1
0
.0
.1 1.1 -.9 .8
2
10
-.5 1.2 -.6
Residual
2
10
.4 -1.7
.9 .9 .9 4.2 5.6 4.6 6.5 10.2 10.6 10.2 10.6 11.1 9.7 11.6 4.2 6.0 6.9 5.6 2.8 .5 .5 .5
0
5
-.5
.1 19.0
Expected Count
0
6
.8 .4 .1 .1 .1
1
0
5
.9 1.1
Count
0
0
.7 1.0 1.5 1.6 1.5 1.6 1.7 1.5 1.8 .6
0
125
.5 125.0
- 3.0 1.1 1.4 -.8 -.5 .5 -.5 -.5 1.2
9
1
0
6
0
0
1
0
0
1
1
270
Expected 2.0 2.0 2.0 9.0 12.0 10.0 14.0 22.0 23.0 22.0 23.0 24.0 21.0 25.0 9.0 13.0 15.0 12.0 6.0 1.0 1.0 1.0 1.0 270.0 Count
97
Chi-Square Tests Value Pearson Chi-Square Likelihood Ratio Linear-by-Linear Association N of Valid Cases
187.921a 123.610 .004 270
Asymp. Sig. (2sided)
df 132 132 1
.001 .687 .948
a. 142 cells (88.2%) have expected count less than 5. The minimum expected count is .01.
98
Fathers’ education and fathers’ occupation
Crosstabs Case Processing Summary Cases Valid N father last education * father occupation
Missing
Percent 270
N
Total
Percent
100.0%
0
N
.0%
Percent 270
100.0%
father last education * father occupation Crosstabulation father occupation educator (lecturer managers employees/office or doctor or and unemployed labours workers PNS teacher) nurse entrepreneurs professionals Traders Total father last education
no degree
Count
0
1
0
0
0
0
0
0
0
1
Expected Count
.0
.0
.2
.2
.1
.0
.4
.1
.1
1.0
elementary school
Count
0
0
1
0
0
0
3
0
0
4
Expected Count
.1
.1
.7
.7
.2
.1
1.7
.3
.3
4.0
junior high school
Count
0
2
2
0
0
0
6
0
6
16
Expected Count
.3
.3
2.7
2.7
.9
.3
6.7
1.0
senior high school
Count
2
2
12
5
0
0
43
0
1.4
1.4
12.3 12.6
4.1
1.4
31.0
4.7
Expected Count
99
1.1 16.0 10
74
5.2 74.0
D3
S1
Count
0
0
0
1
0
0
1
0
0
2
Expected Count
.0
.0
.3
.3
.1
.0
.8
.1
.1
2.0
Count
3
0
30
31
6
3
59
9
2
143
2.6
2.6
23.8 24.4
7.9
2.6
59.8
9.0
Count
0
0
0
9
4
1
1
5
Expected Count
.4
.4
3.5
3.6
1.2
.4
8.8
1.3
Count
0
0
0
0
5
1
0
3
0
9
Expected Count
.2
.2
1.5
1.5
.5
.2
3.8
.6
.6
9.0
Count
5
5
45
46
15
5
113
17
19
270
5.0
5.0
45.0 46.0
15.0
5.0
113.0
17.0
Expected Count S2
S3
Total
Expected Count Chi-Square Tests Value
df
Asymp. Sig. (2sided)
Pearson Chi-Square 232.357a 56 Likelihood Ratio 166.288 56 Linear-by-Linear Association 3.950 1 N of Valid Cases 270 a. 60 cells (83.3%) have expected count less than 5. The minimum expected count is .02.
.000 .000 .047
100
10.1 143.0 1
21
1.5 21.0
19.0 270.0
Mothers’ education and mothers’ occupation
Crosstabs Case Processing Summary Cases Valid N mother last education * mother occupation
Missing
Percent 270
N
100.0%
Total
Percent 0
N
.0%
Percent 270
100.0%
mother last education * mother occupation Crosstabulation wife occupation educator (lecturer or teacher)
employees/office unemployed workers PNS mother last education
elementary school
Count
managers doctor or and nurse entrepreneurs professionals traders Total
5
0
0
0
0
3
0
2
10
Expected Count
3.6
.6
1.3
.7
.3
2.4
.3
.9
10.0
junior high school
Count
12
0
0
0
0
5
1
7
25
Expected Count
8.9
1.6
3.1
1.7
.7
6.0
.6
2.3
25.0
senior high school
Count
42
4
2
0
0
25
0
8
81
28.8
5.1
10.2
5.4
2.4
19.5
2.1
7.5
81.0
D3
Count
12
0
0
0
0
6
0
1
19
Expected Count
6.8
1.2
2.4
1.3
.6
4.6
.5
1.8
19.0
Expected Count
101
S1
Count
25
13
29
14
6
26
6
6
125
44.4
7.9
15.7
8.3
3.7
30.1
3.2
11.6
125.0
0
0
3
3
1
0
0
1
8
2.8
.5
1.0
.5
.2
1.9
.2
.7
8.0
Count
0
0
0
1
1
0
0
0
2
Expected Count
.7
.1
.3
.1
.1
.5
.1
.2
2.0
Count
96
17
34
18
8
65
7
25
270
96.0
17.0
34.0
18.0
8.0
65.0
7.0
25.0
270.0
Expected Count S2
Count Expected Count
S3
Total
Expected Count Chi-Square Tests Value
df
Asymp. Sig. (2sided)
Pearson Chi-Square 137.912a 42 Likelihood Ratio 144.134 42 Linear-by-Linear Association 1.327 1 N of Valid Cases 270 a. 41 cells (73.2%) have expected count less than 5. The minimum expected count is .05.
.000 .000 .249
102
Chi Square Test for Gender Crosstabs Case Processing Summary Cases Valid N gender of respondents * total financial risk tolerance
Missing
Percent 270
N
Total
Percent
100.0%
0
N
.0%
Percent 270
100.0%
gender of respondents * total financial risk tolerance Crosstabulation total financial risk tolerance 8 gender of men respondents
5
7
7
6
4
13
19 5
20
-.3 3.0 -3.5 -5.9 3.5 -4.9 6
5
16
19
9
18
10
21 9
22 23 24 14
5
4
25 9
26 27 29 30 31 32 Total
.1 -.9 -.9
-.2
9
18
Residual
1.9
4
17
.9 .9 .9 3.9 5.2 4.3 6.0 9.5 9.9 9.5 9.9 10.3 9.0 10.7 3.9 5.6 6.4 5.2 2.6 .4 .4 .4
2
2
16
Expected Count
2
0
15
1
1
0
14
Count
women Count
Total
10 11 12 13
8
5
1
1
1
0
.4 116.0
-.3
.0 3.3 1.1 -1.6 2.6 2.8 2.4 .6 .6 .6 -.4
14
12
11
4
9
6
4
1
0
0
0
116
1
154
Expected 1.1 1.1 1.1 5.1 6.8 5.7 8.0 12.5 13.1 12.5 13.1 13.7 12.0 14.3 5.1 7.4 8.6 6.8 3.4 .6 .6 .6 Count
.6 154.0
Residual
.4
Count
-.1 .9 .9 1.9 2
2
2
9
.2
.3 -3.0 3.5 5.9 -3.5 4.9
.3
.0 -3.3
12
10
24
21
14
22
23
22
23
25
- 1.6 -2.6 -2.8 - -.6 -.6 -.6 1.1 2.4 9
13
15
12
6
1
1
1
1
270
Expected 2.0 2.0 2.0 9.0 12.0 10.0 14.0 22.0 23.0 22.0 23.0 24.0 21.0 25.0 9.0 13.0 15.0 12.0 6.0 1.0 1.0 1.0 1.0 270.0 Count
103
Chi-Square Tests Value Pearson Chi-Square Likelihood Ratio Linear-by-Linear Association N of Valid Cases
38.562a 42.862 9.641 270
Asymp. Sig. (2sided)
df 22 22 1
.016 .005 .002
a. 19 cells (41.3%) have expected count less than 5. The minimum expected count is .43.
104
Chi Square Test for Financial Knowledge
Crosstabs Case Processing Summary Cases Valid N total financial knowledge * total financial risk tolerance
Missing
Percent 270
N
100.0%
Total
Percent 0
N
.0%
Percent 270
100.0%
total financial knowledge * total financial risk tolerance Crosstabulation total financial risk tolerance 8 total 4 financial knowledge
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
29
30
31
32 Total
Count
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
1
Expected Count
.0
.0
.0
.0
.0
.0
.1
.1
.1
.1
.1
.1
.1
.1
.0
.0
.1
.0
.0
.0
.0
.0
.0
1.0
Residual
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0 1.0
.0
.0
.0
.0
.0
.0
.0
.0
Count
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
1
Expected Count
.0
.0
.0
.0
.0
.0
.1
.1
.1
.1
.1
.1
.1
.1
.0
.0
.1
.0
.0
.0
.0
.0
.0
1.0
Residual
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0
.0 1.0
.0
.0
.0
.0
.0
.0
.0
Count
0
0
0
1
3
1
0
3
1
1
1
0
1
2
0
0
0
0
0
0
0
0
0
Expected Count
.1
.1
.1
.5
.6
.5
.7 1.1 1.2 1.1 1.2 1.2 1.1 1.3
.5
.7
.8
.6
.3
.1
.1
.1
.1 14.0
Residual
-.1
-.1
-.1
.5 2.4
.5
0
0
0
2
0
Count
0
-.7 1.9 5
3
-.2
-.1
3
1
105
-.2 -1.2 1
1
.0
.7
-.5
-.7
-.8
-.6
-.3
.0
.0
.0
.0
0
0
0
0
0
1
0
0
0
0
0
14
17
Expected Count
.1
.1
Residual
-.1
-.1
0
0
0
Expected Count
.2
.2
Residual
-.2
-.2
0
0
2
Expected Count
.4
.4
Residual
-.4
10 Count
11 Count
12 Count
.1
.6
.8
-.1 1.4
-.8
.6
.8
.9
.8
.4
.1
.1
.1
.1 17.0
-.6
-.8
-.9
.2
-.4
.0
.0
.0
.0
3
1
3
5
0
0
0
0
0
.2 1.1 1.5 1.2 1.7 2.7 2.8 2.7 2.8 2.9 2.6 3.1 1.1 1.6 1.8 1.5
.7
.1
.1
.1
.1 33.0
-.7
-.1
-.1
-.1
-.1
1
0
0
0
1
.4 1.6 2.1 1.8 2.5 3.9 4.1 3.9 4.1 4.3 3.7 4.4 1.6 2.3 2.7 2.1 1.1
.2
.2
.2
.2 48.0
0
-.2 -1.1
-.4 1.6
2
1
-.5 2
.6
.9 1.4 1.4 1.4 1.4 1.5 1.3 1.6
-.6 4.1 1.6 1.6 1
3
4
-.2 1.3 1.3 2
3
1
2
-.8 6
.4
-.1
.2
.5 -2.9 1.9
2
5
5
1
2
4
-.7 1.2 3
7
-.5 -1.3 -1.6 3
0
.1 -2.6 -2.1 1.9 2
1
-.9 2.9 -2.3 -2.7
1
1
.6 1.4 2.7 -1.7 -1.1
.0
-.2
-.2
-.2
.8
5
1
0
Expected Count
.6
.6
.6 2.6 3.5 2.9 4.0 6.4 6.6 6.4 6.6 6.9 6.1 7.2 2.6 3.8 4.3 3.5 1.7
.3
.3
.3
.3 78.0
Residual
.4
.4
-.6
0
0
0
1
Expected Count
.3
.3
.3 1.1 1.5 1.3 1.8 2.8 2.9 2.8 2.9 3.0 2.6 3.1 1.1 1.6 1.9 1.5
Residual
-.3
-.3
-.3
-.1
-.5
-.3
0
0
0
0
0
0
0
Expected Count
.1
.1
.1
.5
.7
.6
Residual
-.1
-.1
-.1
-.5
-.7
-.6
-.8
-.3
0
1
0
1
0
0
1
0
0
0
0
0
1
Expected Count
.1
.1
.1
.2
.3
.3
.4
.6
.6
.6
.6
.6
.5
Residual
.0
.9
.0
.8
-.3
-.3
.6
-.6
-.6
-.6
-.6
-.6
14 Count
15 Count
1
1
3
1
48
0
1
9
5
1
1
8
3
3
1
8
5
-.6 1.2 3.5
33
0
1
8
1
1
13 Count
7
-.4
1
-.6 1.5 2.1 -3.0
7
-.4
78
.6
.4 1.6 1.4 1.1 2.9 -2.2 -1.6 -2.8 -1.3 -2.5 1.3
.7
-.3
.7
-.3
1
3
0
0
1
0
0
.8
.1
.1
.1
.1 34.0
-.5
-.8
-.1
.9
-.1
-.1
-.8 -1.8
3
1
7
5
4
0
1
3
.1
.2 -1.9 4.0 2.4
.9 -1.1
1
3
3
1
2
1
1
1
0
0
0
0
.8 1.3 1.4 1.3 1.4 1.4 1.2 1.5
.5
.8
.9
.7
.4
.1
.1
.1
.1 16.0
.5 1.2
.1
.3
.6
.0
.0
.0
.0
2
0
0
0
0
1
0
0
0
0
7
.6
.2
.3
.4
.3
.2
.0
.0
.0
.0
7.0
.5 1.4
-.2
-.3
-.4
-.3
.8
.0
.0
.0
.0
1
-.4 1.7
106
1
-.4
1
0
-.4 -1.2 1.5
-.6 1.1
34
16
16 Count
Total
1
0
0
0
0
0
0
Expected Count
.2
.2
.2
.7
.9
.8 1.1 1.7 1.8 1.7 1.8 1.9 1.6 1.9
Residual
.8
-.2
-.2
-.7
-.9
-.8 -1.1
.3 -1.8
-.7 -1.8
.1 2.4 1.1
Count
2
2
2
9
12
10
22
22
24
14
2
0
23
1
0
23
2
4
21
3
25
0
4
2
0
0
0
0
0
.7 1.0 1.2
.9
.5
.1
.1
.1
.1 21.0
-.7 1.0 2.8 1.1
-.5
.0
.0
.0
.0
6
1
1
1
1
9
2
13
15
12
21
270
Expected 2.0 2.0 2.0 9.0 12.0 10.0 14.0 22.0 23.0 22.0 23.0 24.0 21.0 25.0 9.0 13.0 15.0 12.0 6.0 1.0 1.0 1.0 1.0 270.0 Count Chi-Square Tests Value
df
Asymp. Sig. (2sided)
Pearson Chi-Square 265.005a 220 .020 Likelihood Ratio 212.983 220 .620 Linear-by-Linear Association 9.178 1 .002 N of Valid Cases 270 a. 246 cells (97.2%) have expected count less than 5. The minimum expected count is .00.
107
Chi Square Test for Family Relationship
Crosstabs Case Processing Summary Cases Valid N total family relationship * total financial risk tolerance
Missing Percent
270
N
Total
Percent
100.0%
0
N
.0%
Percent 270
100.0%
total family relationship * total financial risk tolerance Crosstabulation total financial risk tolerance 8 total family 3 relationship
4
5
6
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
29
30
31
32 Total
Count
0
0
0
0
0
0
0
0
1
0
0
0
0
0
0
0
0
1
0
0
0
0
0
2
Expected Count
.0
.0
.0
.1
.1
.1
.1
.2
.2
.2
.2
.2
.2
.2
.1
.1
.1
.1
.0
.0
.0
.0
.0
2.0
Residual
.0
.0
.0
.0
.0
.0
-.1
-.2
.8
-.2
-.2
-.2
-.2
-.2
.0
.0
-.1
.9
.0
.0
.0
.0
.0
Count
0
0
0
2
0
2
2
2
1
1
0
1
1
1
0
0
1
1
0
0
0
0
0
Expected Count
.1
.1
.1
.5
.7
.6
.8 1.2 1.3 1.2 1.3 1.3 1.2 1.4
.5
.7
.8
.7
.3
.1
.1
.1
.1 15.0
Residual
-.1
-.1
Count
1
0
0
1
Expected Count
.2
.2
.2
.8 1.1
Residual
.8
-.2
-.2
.2
.9
-.9
Count
0
0
0
0
6
2
-.1 1.5
-.7 1.4 1.2 2
0
2
.8
-.3
3
1
-.2 -1.3 0
3
-.3
-.2
-.4
-.5
-.7
.2
.3
-.3
.0
.0
.0
.0
1
1
3
0
0
2
2
1
0
0
0
1
.8 1.2 1.3 1.1
.5
.1
.1
.1
.1 24.0
.9 1.2 2.0 2.0 2.0 2.0 2.1 1.9 2.2 .8 1.0 -1.0 -2.0 1.0 -1.1 1
5
2
5
108
2
15
2
-.9
.8
4
3
-.8 -1.2 1
1
.7
.9
.5
.0
.0
.0
.9
2
4
1
1
0
0
0
24
42
7
8
9
Expected Count
.3
.3
Residual
-.3
-.3
Count
0
0
0
Expected Count
.3
.3
Residual
-.3
-.3
-.3
-.3
Count
0
0
1
0
Expected Count
.4
.4
Residual
-.4
-.4
.9
.2
.2
.2
.1
.8
-.2
-.2
-.2
2
0
0
0
0
0
.3 1.3 1.8 1.5 2.1 3.3 3.4 3.3 3.4 3.6 3.1 3.7 1.3 1.9 2.2 1.8
.9
.1
.1
.1
.1 40.0
Count
0
Expected Count Residual
-.3 -1.4 4.1 1
2
.4 -1.2 1.6 -1.6 1.6 -1.6 -1.7
.7
-.9
0
2
5
1
1
.2 -1.5 -1.1 -2.3
3
7
5
4
3
40
.8
.2
-.9
-.1
-.1
-.1
-.1
3
3
1
3
0
1
1
0
.4 1.9 2.5 2.1 3.0 4.6 4.9 4.6 4.9 5.1 4.4 5.3 1.9 2.7 3.2 2.5 1.3
.2
.2
.2
.2 57.0
-.2
.8
.8
-.2
5
3
5
5
2
3
-.6 -1.1 1.3 2.7
1
-.3 2.1
-.9
1
-.4 3.7 1.6
3
-.4 -1.0
.2 42.0
10
3
6
1
.0
.4
.1 -2.6 -1.9 4.9 -1.4
.7
-.9
.3
0
1
3
2
4
4
2
6
1
0
0
0
0
.3
.3
.3 1.6 2.1 1.7 2.4 3.8 4.0 3.8 4.0 4.2 3.7 4.4 1.6 2.3 2.6 2.1 1.0
.2
.2
.2
.2 47.0
-.3
-.3
1
2
0
Expected Count
.3
.3
Residual
.7 1.7
Count
2
2
3
1
.7 1.4 -1.1
1
6
-.2
6
3
1
0
0
0
0
0
.3 1.4 1.9 1.6 2.2 3.5 3.7 3.5 3.7 3.8 3.3 4.0 1.4 2.1 2.4 1.9 1.0
.2
.2
.2
.2 43.0
-.2
-.2
-.2
-.2
1
1
1
1
4
4
.3
-.4
3
6
3
47
-.2
2
2
-.2
1
-.2
-.3
.2 2.0
0
-.2
0
.0
4
.0
0
.6 -1.8
4
.4 3.7 -2.6 -1.1
2
-.7
4
-.2 -1.5 1.7
57
.6 -1.9 -1.5 2.9
10 Count
Total
.3 1.4 1.9 1.6 2.2 3.4 3.6 3.4 3.6 3.7 3.3 3.9 1.4 2.0 2.3 1.9
.6 -1.9 -1.6
-.2
.5 2.3
-.5
.3
-.8 2.7 -1.0
9
14
22
22
23
24
12
10
23
21
25
-.4 9
2
4
0
.0 1.6 -1.9 -1.0 13
15
12
6
43
270
Expected 2.0 2.0 2.0 9.0 12.0 10.0 14.0 22.0 23.0 22.0 23.0 24.0 21.0 25.0 9.0 13.0 15.0 12.0 6.0 1.0 1.0 1.0 1.0 270.0 Count
109
Chi-Square Tests Value Pearson Chi-Square Likelihood Ratio Linear-by-Linear Association N of Valid Cases
163.035a 152.695 .011 270
Asymp. Sig. (2sided)
df 154 154 1
.294 .515 .918
a. 182 cells (98.9%) have expected count less than 5. The minimum expected count is .01.
110
